Sebi will give QSBs more time to implement the optional T+0 settlement cycle

Capital market regulator Sebi on Thursday decided to extend the timeline for Qualified Stock Brokers (QSBs) to set up necessary systems for implementing the optional T+0 settlement cycle.

Further guidance regarding the same would be issued at a later date, the Securities and Exchange Board of India (Sebi) said in its circular.

This came after Sebi considered the challenges highlighted by QSBs in ensuring timely readiness of systems by November 1 and requested that it be expanded to ensure smooth implementation.

In April, Sebi had extended the timeline for implementation of optional T+0 rolling settlement cycle for QSBs to November 1. Previously, the deadline was May 1.

“Considering the challenges highlighted by QSBs in ensuring timely readiness of systems on or before November 1, 2025 and the request to extend the same to ensure smooth implementation, it has been decided to extend the timeline for QSBs for putting in place the necessary systems and processes for enabling seamless participation of investors in the optional T+0 settlement cycle,” Sebi said.

The market regulator introduced an optional T+0 settlement cycle for 25 scrips in March 2024. Initially it was only available to non-custodians.